Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on June 23rd

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, April 14th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.15 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Gladstone Capital has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Gladstone Capital has a dividend payout ratio of 89.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Gladstone Capital to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 90.9%.

Gladstone Capital Price Performance

GLAD stock opened at $18.69 on Friday. The business’s 50-day moving average is $19.02 and its two-hundred day moving average is $19.34. The firm has a market capitalization of $422.21 million, a P/E ratio of 10.21 and a beta of 0.92. Gladstone Capital has a 1 year low of $16.54 and a 1 year high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Gladstone Capital had a return on equity of 9.79% and a net margin of 45.15%.The business had revenue of $25.99 million during the quarter, compared to the consensus estimate of $25.19 million. On average, analysts expect that Gladstone Capital will post 2.01 EPS for the current year.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.